Republicans are Far More Partisan in the Their Perception of the Economy

[Toro]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

 

[Toro]

Also, people perceive inflation far longer than inflation is a problem because it takes time for individuals to adjust to the new reality of higher prices.

Digesting inflation

The impact of inflation on consumer sentiment decays at a rate of about 50 percent per year

www.briefingbook.info

 

[Meathead]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

And when Trump was president, democrats were.

 

[rampart]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

a very good book is j k galbraith's " the great crash." galbraith was a new dealer on the front lines of the great depression. he was very aware of the psychological (sometimes mass hysteria) aspects of an economy. and describes them as a drama.

 

[Cellblock2429]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

/----/ Perceive this Libtard and tell us where the vast majority of consumers are wrong.

What you fail to grasp is that even with inflation falling, prices are still way above 2020 levels and rising, but not as fast. Is that concept over your head?

I am posting basic items, not luxury ones.

Only bacon has fallen some, but still higher.

How expensive are groceries in 2023? These 5 graphs show prices skyrocket

You’ve probably felt your grocery bill growing over the past year, but seeing the numbers really puts it into perspective.

thehill.com

And let's not forget gas.

The latest US gas prices at a glance​

1. National average: The current national average cost for gas is $3.12 (Dec. 21, 2023)(1)
2. Cheapest weekly national average since 2018: The lowest weekly gas price was $1.84 per gallon on Apr. 16, 2020(2) Gas prices US | Weekly gas price averages: 2018-2023 | Finder

 

[Blaster]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

The economy is bad no matter what your perception is.

 

[Toro]

/----/ Perceive this Libtard and tell us where the vast majority of consumers are wrong.
View attachment 879317

What you fail to grasp is that even with inflation falling, prices are still way above 2020 levels and rising, but not as fast. Is that concept over your head?
View attachment 879318
I am posting basic items, not luxury ones.
View attachment 879319

View attachment 879320
Only bacon has fallen some, but still higher.
View attachment 879322

How expensive are groceries in 2023? These 5 graphs show prices skyrocket

You’ve probably felt your grocery bill growing over the past year, but seeing the numbers really puts it into perspective.

thehill.com

And let's not forget gas.

The latest US gas prices at a glance​

1. National average: The current national average cost for gas is $3.12 (Dec. 21, 2023)(1)
2. Cheapest weekly national average since 2018: The lowest weekly gas price was $1.84 per gallon on Apr. 16, 2020(2) Gas prices US | Weekly gas price averages: 2018-2023 | Finder

I'm not saying they're wrong. Consumers are going to believe what they are going to believe.

What I'm saying is that people's perceptions are skewed by their political leanings, and have become even moreso for Republicans under Trump. After all, Democrats buy basic food items as well.

 

[Toro]

The economy is bad no matter what your perception is.

Unemployment is less than 4%. Real wages are rising.

I remember when unemployment was double digits and interest rates were nearly 20%. That's a bad economy.

 

[theHawk]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

Yea sure. It’s our imagination that we had $5 gas for so long, $6 for a pound of ground beef, “supply issues” and empty shelves, interest rates twice what they were before, and getting in a proxy war with Russia.


.

 

[Cellblock2429]

I'm not saying they're wrong. Consumers are going to believe what they are going to believe.

What I'm saying is that people's perceptions are skewed by their political leanings, and have become even moreso for Republicans under Trump. After all, Democrats buy basic food items as well.

/----/ "What I'm saying is that people's perceptions are skewed"
And I don't entirely disagree. I'm asking what is there to perceive in the rising food prices that is a skewed perception for either side?

 

[Blaster]

Unemployment is less than 4%. Real wages are rising.

I remember when unemployment was double digits and interest rates were nearly 20%. That's a bad economy.

It is too expensive for many folks to dine out and grocery prices are too high.

 

[forkup]

I'm not saying they're wrong. Consumers are going to believe what they are going to believe.

What I'm saying is that people's perceptions are skewed by their political leanings, and have become even moreso for Republicans under Trump. After all, Democrats buy basic food items as well.

Your graphs end a year ago. I think that's rather relevant when discussing perception of the economy.

 

[bigrebnc1775]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

Not every democrat is sold on your bullshit. However Biden has lower rating for independents than Republicans

President Joe Biden's Job Approval Ratings, Among Partisans

datawrapper.dwcdn.net

 

[Godboy]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

Democrats waste tax payer money by buying votes. They dont win by having good effective policies, they merely buy votes. Welfare, free phones, free housing for illegals, forgiving student debt, etc. Its always some new freebie handout to the poor uneducated masses. Democrats would lose every single election if they didnt offer non stop freebies.

Democrats are not a fiscally responsible party. They never have been, but they are WAY worse today than they were 20 years ago.

 

[MarcATL]

As I posted just last night on another forum, if Trump happens to win in November, all talk about how bad the economy is will come to a screeching halt.

All Republicans will immediately start preaching and repeating how great the economy is, and people will believe them.

Within three months the talk will be how great the economy is and not one thing will have been done to change it or changed, other than the name of the "guy in charge."

Watch...

 

[Votto]

It's long been known in economic research that people's perceptions of the economy are dependent upon their political affiliation. When a Republican is President, the Democrats are far more negative about the economy than the should be. And when a Democrat is President, Republicans are far more negative about the economy than they should.

However, Republicans under Trump have become even more partisan about the economy.

A puzzling feature of the current economy is the mismatch between strong economic fundamentals – low unemployment, easing inflation, and strong GDP growth – and gloomy consumer sentiment. In this post, we provide one contributing factor, which we refer to as asymmetric amplification: While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats. ​

Asymmetric amplification and the consumer sentiment gap

How excess Republican partisanship contributes to the gap between economic fundamentals and consumer views on the economy

www.briefingbook.info

It boggles my mind how economically illiterate people are

What causes inflation and who is to blame?

1. Massive spending as the more that is printed the less it is worth.

2. Shutting down the world for Covid that causes shortages.

3. World wide war on fossil fuels because fossil fuels effects all aspects of the world economy for a myriad of reasons that also leads to shortages.

4. Wars abroad in food producing places like the Ukraine that causes shortages.

So, who went along with all of these things? Those are your culprits.

 

[Toro]

 

[C_Clayton_Jones]

And when Trump was president, democrats were.

And as usual the reprehensible right wants Americans to suffer for some perceived partisan gain.

 

[Cellblock2429]

And as usual the reprehensible right wants Americans to suffer for some perceived partisan gain.

/——/ If we wanted people to suffer, we’d all vote democRAT.

 

[mamooth]

Yea sure. It’s our imagination that we had $5 gas for so long,

Yeah, because of Trump. Remember, you Trump cultists can't gaslight those where aren't in your cult. We know the facts, so we know you're lying for TheParty.

Who blackmailed the Saudis into a massive production cut, specifically to raise the price of oil?

Conservatives all support Trump for doing that, so it would appear they wanted higher gasoline prices.

Democrats serve the people, Republicans serve the oil companies.